Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
9650
Submission date and time
21.06.2022 18:00:00
Content of announcement in Estonian
Title
Baltic Horizon Fondi teade osakuomanike korralise üldkoosoleku tulemuste kohta
Message
21. juunil 2022 toimus Rootsis, Stockholmis, Baltic Horizon Fondi osakuomanike
korralise üldkoosoleku korduskoosolek.
Korduskoosolek kutsuti kokku, sest algsel üldkoosolekul 7. juunil 2022 ei tulnud
kokku vajalikku kvoorumit. Kooskõlas Baltic Horizon Fondi reeglite punktiga
10.11 on korduskoosolekul võimalik otsus vastu võtta hoolimata koosolekul
esindatud häälte arvust, kui Fondi reeglites pole kirjeldatud teisiti.
Koosolekule registreerus 5 osakuomanikku, kellele kuulub 16 192 446 osakut, mis
esindavad 13,5% kogu häälte arvust.
Koosoleku päevakord oli alljärgnev:
1. Baltic Horizon Fondi 2021.a auditeeritud majandusaasta aruande ning 2022.a I
kvartali vahearuande ülevaade;
2. Ülevaade Nasdaq Stockholmi turul kaubeldavate fondiosakute seisu kohta
seoses Euroclear Sweden lepingu lõppemisega 30. septembril 2022;
3. Otsus Baltic Horizon Fondi osakute tagasiostuprogrammi loomise kohta.
Otsuse poolt kiita heaks Baltic Horizon Fundi osakute tagasiostuprogramm ning
volitada Northern Horizon Capital AS-i (või temal mandaadil tegutsevat isikut)
omandama fondi arvel fondi osakuid hääletas 100% koosolekul esindatud häältest
(16 192 446 häält). Seega oli otsus vastuvõetud.
Fondijuht Tarmo Karotam andis päevakorras olnud teemadel ülevaate.
Üldkoosolek otsustas:
Luua Baltic Horizon Fondi osakute tagasiostuprogrammi ning volitada Northern
Horizon Capital AS-i (või temal mandaadil tegutsevat isikut) omandama Fondi
arvel Fondi osakuid järgmistel tingimustel:
i. Fondi osakute tagasiostu tehingud tehakse kas Nasdaq Tallinna ja/või
Nasdaq Stockholmi reguleeritud turul kooskõlas vastava turu reeglitega
ning rangelt kooskõlas kohalduva õigusega;
ii. Tagasiostuprogrammi eesmärk on tugevdada Baltic Horizon Fondi
kapitalistruktuuri omandades fondi osakuid hinnaga, mis on alla fondi
osaku puhasväärtust antud hetkel;
iii. Tagasiostud tehakse hinnaga, mis on alla Baltic Horizon Fondi osaku
puhasväärtust antud hetkel;
iv. 36-kuulise perioodi jooksul, mis algab 30. juunist 2022, võidakse
omandada kuni 10,000,000 osakut kuni 10,000,000 euro eest;
v. Baltic Horizon Fondi poolt tagasiostetud ja hoitavate osakute koguarv ei
tohi ühelgi ajahetkel ületada 10% fondi osakute koguarvust;
vi. Omandatud osakute eest tasutakse rahas;
vii. Fondile kuuluvad osakud ei anna Baltic Horizon Fondile ega Northern
Horizon Capital AS-ile mingeid osakutest tulenevaid õigusi;
viii. Northern Horizon Capital AS tühistab tagasiostetud osakud 3 kuu jooksul
pärast nende omandamist.
Koosoleku salvestus on leitav siin (https://www.youtube.com/watch?v=CUJw1R1ER-
I). Koosoleku protokoll tehakse kättesaadavaks seitsme päeva jooksul Baltic
Horizon Fondi kodulehekülje vahendusel.
Lisainformatsiooni saamiseks palume kontakteeruda:
Tarmo Karotam
Baltic Horizon Fund, fondijuht
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=WtiFwtO82DP9k6IDOnZytJIyYKnzOadnx1W_
JiXk2ydCI7hNU0jXaVB7v575gzvse7IQjWIZrkkLEkqKndotQpBbX2znz2gwqKiSVAJtNok=)
www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=RMhTqoFCX4OWy6AcLjtNSTdH99Z0tHVErHRH
Fl7I6Ob6G13CbLi4T5Ioi1CSJ-GNDoAAtlPE1gb4smVUXLVTkmCGz0M3DP4Gry2mBwfwIqs=)
Baltic Horizon Fond on registreeritud lepinguline avalik kinnine kinnisvarafond,
mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS.
Avaldamine: GlobeNewswire, Nasdaq Tallinn, Nasdaq
Stockholm, www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=RMhTqoFCX4OWy6AcLjtNSTdH99Z0tHVErHRH
Fl7I6OYA5ITNmp3FITolyAQiKxoU72kuqo5jvF1scB295pvx4hkKe0Q-NwhuDEzLsMytE68=)
Content of announcement in English
Title
Resolution of Baltic Horizon Fund repeat general meeting of unit-holders
Message
A repeat Annual General Meeting of Baltic Horizon Fund investors took place on
21 June 2022 in Stockholm, Sweden.
The repeat meeting was convened as the required quorum was not reached during
the initial Annual General Meeting on 7 June 2022. In accordance with section
10.11 of the fund rules of Baltic Horizon Fund the repeat General Meeting is
permitted to adopt resolutions regardless of the number of votes represented at
the meeting, unless otherwise stipulated in the fund rules.
5 unitholders were registered as attending to the meeting, holding 16,192,446
Baltic Horizon Fund units which represent 13,5% of the total number of votes of
the fund.
The agenda of the meeting was the following:
1. Presentation of the FY2021 audited annual report of Baltic Horizon Fund, and
interim report of Q1 2022;
2. Presentation of the status with units traded on Nasdaq Stockholm due to
Euroclear Sweden agreement termination on 30 September 2022;
3. Resolution on establishment of Baltic Horizon Fund units buy-back program.
The resolution to approve the Baltic Horizon Fund buy-back program and to
authorise Northern Horizon Capital AS (or a person acting on its behalf) to
acquire fund units on behalf of the fund was voted for by 100% of the votes
represented at the meeting (16,192,446 votes). The resolution was therefore
passed.
Fund manager Tarmo Karotam gave an overview of the topics on the agenda.
The General Meeting resolved:
To establish a buy-back program of Baltic Horizon Fund and authorises Northern
Horizon Capital AS (or person acting under its mandate) to acquire the fund's
own units, under the following conditions:
i. The re-purchases of units are executed either on Nasdaq Tallinn and/or
Nasdaq Stockholm in accordance with the rules of Nasdaq Tallinn and/or
Nasdaq Stockholm applicable and strictly in line with applicable
legislation;
ii. The purpose of the re-purchase program is to strengthen the capital
structure of Baltic Horizon Fund by purchasing units at the price lower
than the NAV of the unit at the time;
iii. Re-purchases are made at the price level lower than NAV of Baltic Horizon
Fund unit at the time;
iv. Maximum of 10,000,000 units may be repurchased during the period of 36
months starting from 30 June 2022 for the maximum amount of EUR
10,000,000;
v. The aggregate number of units purchased and held by Baltic Horizon Fund
shall not exceed 10% of the total number of fund units at any time;
vi. Payment for the units shall be made in cash;
vii. The units held by Baltic Horizon Fund shall not grant any unitholder
rights to the fund or to Northern Horizon Capital AS;
viii. Northern Horizon Capital AS shall cancel the units purchased within 3
months after the re-purchase.
The meeting recording is available here.
(https://www.youtube.com/watch?v=CUJw1R1ER-I) The minutes of the meeting will be
made available within seven days via the website of the Baltic Horizon Fund.
For additional information, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=WtiFwtO82DP9k6IDOnZytJIyYKnzOadnx1W_
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www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=RMhTqoFCX4OWy6AcLjtNSTdH99Z0tHVErHRH
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Baltic Horizon Fund is a registered contractual public closed-end real estate
fund that is managed by Alternative Investment Fund Manager license holder
Northern Horizon Capital AS.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq
Stockholm, www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=RMhTqoFCX4OWy6AcLjtNSTdH99Z0tHVErHRH
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